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Daily Look

GBP/USD Forecast: Trendline Supports Sterling at 1.3804

July 16, 2021 - by - Leave a Comment

GBP/USD slips to $1.3808 as BOE credit survey reports increased unsecured loans.  U.K. employment figures perform well, Average Earning Index from the U.K. rose to 7.3%, and Claimant Count Change …

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Daily Look

Gold Price Forecast: XAU/USD to Back until $1,818

July 16, 2021 - by - Leave a Comment

Gold slips below $1,830 despite weakness in the greenback. Jobless claims surged to 360K versus the projected 350K and weighed on the U.S. dollar. The Fibonacci indicator to support gold …

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Daily Look

Monero Price Forecast: Double Bottom Supports XMR/USD at $193.50

July 15, 2021 - by - Leave a Comment

XMR/USD slips below $200 despite weakness in the U.S. dollar. Powell’s dovish statement and sluggish jobless claims fail to support XMR/USD.   Monero testing the double bottom support at $193.50.  The …

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Daily Look

Dogecoin Price Forecast: Black Crows Pushes DOGE to $0.1925

July 15, 2021 - by - Leave a Comment

Dogecoin came under pressure amid Jackson Palmer’s negative remarks.  Powell’s dovish statement failed to support the DOGE/USD at $0.1967 Three Black Crows candlestick patterns may push Dogecoin towards $0.1801. The …

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Daily Look

Ethereum Price Forecast: ETH/USD Rejected at $2,045

July 15, 2021 - by - Leave a Comment

Brazilian Securities and Exchange Commission approved the first ETF.  Jerome Powell’s dovish statement underpinned the ETH/USD at $1,869. Descending channel extends an immediate resistance at $2,045.  The ETH/USD was closed …

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Daily Look

Gold Price Forecast: XAU/USD Bullish Bias Dominates at $1,825

July 14, 2021 - by - Leave a Comment

Safe haven buyers boost gold US CPI data kindles inflation concerns – gold rallies Gold nears key pivot point at 1807.68 On Wednesday, the yellow metal gold continues trading with …

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Daily Look

GBP/USD Forecast: Fighting Hard to Get Back in Buyer’s Territory

July 13, 2021 - by - Leave a Comment

Our GBPUSD forecast has rallied in the last few hours as it tries to recover after its sell-off. Closing the current candle around 1.3854 current level could invalidate a deeper …

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Daily Look

USD/JPY Forecast: Ignoring Upside Obstacles At 110.36

July 12, 2021 - by - Leave a Comment

Our USDJPY forecast sees the pair edge higher in the past few hours and now stands in the buyer’s territory. It’s located at 110.36, above 110.28 weekly pivot point. Staying …

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Daily Look

USD/CHF Forecast: Further Decline Possible But Weekly Pivot at 0.9179

July 12, 2021 - by - Leave a Comment

Our USDCHF forecast sees the pair moving sideways in the short term after reaching static support. It has increased a little today, trying to retest the broken dynamic support. The …

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Daily Look

USD/CHF Forecast: Strong Dynamic Support But Vulnerable to a Slide

July 9, 2021 - by - Leave a Comment

Our USD/CHF forecast noted the pair register a strong sell-off in yesterday’s session as the US Dollar Index has slipped lower. The price reached strong support levels and is now …

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